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In Which of the Following Cases Will an Oral Contract

question 72

Multiple Choice

In which of the following cases will an oral contract for the sale of goods of $750 be enforceable without a writing?


Definitions:

Interest Earned

The income received from lending funds or depositing money into interest-bearing accounts.

Invested

To have allocated resources, such as money, toward something with the expectation of generating income or profit.

Deposited

The act of placing money or another form of value into an account.

Interest

The cost of borrowing money or the payment received for deposit funds, calculated as a percentage of the principal.

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